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Volume 1, Issue 12 December 16-31, 2020
FOR FREE DISTRIBUTION
REVITALISING
ECONOMY
Post-Lockdown clear vision, substantive
policy directions and focussed approach
of the Government ensured that economy
recovers faster than expected
Mann Ki Baat 2.0 Episode 18: November 29, 2020
Reforms enacted to make
India Self-Reliant
Prime Minister Narendra Modi tells in his Mann Ki Baat that agriculture reforms are
empowering farmers and urged people to contribute towards developing their alma
mater in the best possible way
AGRICULTURE REFORMS : Reforms have 551th birth anniversary of Guru Nanak Devji who
not only served to unshackle farmers but also had stayed at Lakhpat Gurudwara Sahib during
given them new rights and opportunities. These Udaasi, his spiritual journey. During the 2001
new rights have begun to ameliorate woes of earthquake, this Gurudwara was damaged. It was
farmers. Jitendra Bhoiji, a farmer from Dhule only by the blessings of Guru Nanak Devji that I
district in Maharashtra, made use of the recently was able to ensure its renovation and restoring
promulgated farm laws. Bhoiji sold his corn its glory and grandeur.
produce for approximately Rs 3.32 Lakh and INTERACTION WITH STUDENTS: In the past
received an advance. It had been decided that few days, I was able to connect with students
the outstanding amount would be cleared in of IIT Guwahati, IIT Delhi, Deendayal Petroleum
fifteen days. However, later such circumstances University of Gandhinagar, JNU of Delhi, Mysore
developed that he did not receive the remainder University and Lucknow University. To be
for four months. The new farm laws passed in amongst the youth of the country is extremely
September came to his aid. Under this law, it refreshing and energizing. University campuses
was decided that all dues of farmers should be are like mini India.
cleared within three days of procurement, failing CONTRIBUTION TO ALMA MATER: After
which the farmer can lodge a complaint. leaving school or college, two things never end.
DEVI ANNAPURNA’S IDOL: Every Indian will One, the influence of your education, and second,
be proud to know that a very old idol of Devi bonding with your school or college. Whenever
Annapurna is returning to India from Canada. alumni interact with each other, greater time is
It was stolen from a temple of Varanasi and given to reminiscing about time on campus and
smuggled out of the country somewhere around moments spent with friends than about books
1913. Mata Annapoorna has a very special and studies, and, from these memories, comes
relationship with Kashi. the desire to do something for the institution.
VIRTUAL GALLERIES: Lots of museums and What could bring greater happiness than to
libraries are working to make their collections lend a hand in developing the place where your
fully digital. In Delhi, National Museum is doing personality was moulded?
a fabulous job by working on introducing around TRIBUTE TO SRI AUROBINDO: December 5 is
ten virtual galleries. the death anniversary of Sri Aurobindo. The more
BRAZIL’S VEDANTA INSTITUTE: Jonas we read about him, greater we get into his insight.
Masetti, also known as Vishwanath, teaches When we are moving forward with the campaign
Vedanta and Srimad Bhagavad Gita to people in 'Vocal for Local', Sri Aurobindo's philosophy of
Brazil. He runs an institution named Vishwavidya, Swadeshi shows us the path.
situated at the hills of Petropolis in Rio De Janeiro.
GURU NANAK JAYANTI: November 30 was Tune in to Mann Ki Baat by scanning QR Code
Diwali Celebration In
Ayodhya in 2019
Volume 1, Issue 12 December 16-31, 2020
Editor
Kuldeep Singh Dhatwalia,
Principal Director General, PIB, 1 EDIT
CONTENTS
Pg. 02
New Delhi
Consulting Editors 2 MAIL BOX Pg. 03
Vinod Kumar
Santosh Kumar
3 NEWS BRIEFS Pg. 04-05
Assistant Consulting
Editor
Sharat Kumar Sharma 4 WAR AGAINST CORONA Pg. 06-07
Designer 5 GOOD GOVERNANCE DAY Pg. 08-10
Ravindra Kumar Sharma
6 PERSONALITY Pg. 11
Published & Printed by
Satyendra Prakash, 7 ENERGY SECURITY Pg. 12-14
Director General , BOC
on behalf of Bureau of
Outreach and 8 INFRASTRUCTURE Pg. 15
Communication
9 AGRICULTURE Pg. 16-17
Printed at
J.K Offset Graphics Pvt Ltd.
B-278, Okhla Ind Area 10 PRAKASHOTSAV Pg. 18-19
Phase-I, New Delhi 20
11 COVER STORY Pg. 20-29
Published from
Bureau of Outreach and 12 POLL REFORMS Pg. 30-31
Communication, 2nd Floor,
Soochna Bhawan,
New Delhi -110003
13 FACILITY Pg. 32
14 EVENT Pg. 33-34
NEW INDIA SAMACHAR
15 CABINET DECISIONS Pg. 35
RNI No. : DELENG/2020/78811
response-nis@pib.gov.in 16 POSITIVE APPROACH Pg. 36
19
1 New India Samachar 1
FROM EDITOR'S DESK
Sadar Namaskar,
The war against Coronavirus in India has apparently reached a decisive point
with scientists on the verge of developing indigenous COVID-19 vaccine. Prime
Minister Narendra Modi visiting three vaccine developing facilities in the country
and virtual interactions with some others has not only given hope to the people of
the country but also to the world. How will the vaccine reach to people is covered
in the current issue of New India Samachar.
The cover story of this edition deals with how various interventions of the
Government during the pandemic are helping the economy recover. The
Chief Economic Adviser in his discussion explains the optimism behind the
Government’s approach and strategy.
With the true spirit of Jaan Bhi Aur Jahan Bhi and turning crisis into opportunity,
the commitment of the Government to bring the economy to the growth path
once again is reflected in the visible green shoots and various sectors moving
northward. This is explained in the cover story. Chief Economic Adviser of the
country has made complex economic issues easier for readers saying that the
Government is not only cautious but optimistic with its long-term approach.
This edition pays tribute to Mahamana Madan Mohan Malviya and former
Prime Minister Atal Bihari Vajpayee on their birth anniversary on December 25.
The country celebrates Vajpayeeji's birth anniversay as Good Governance Day.
Launch of President Ram Nath Kovind’s books with an insight of Raksha Mantri
Rajnath Singh is also covered in this issue with other regular features being part
of the magazine.
We are eagerly waiting for your feedback and suggestions.
Please send your response:
Address : Bureau of Outreach and Communication, IInd Floor,
Soochna Bhawan, New Delhi - 110003
e-mail : response-nis@pib.gov.in
(K S DHATWALIA)
2 New India Samachar
Mail Box
iew with
ive Interv gh
An Exclus ntri Rajnath Sin
e,
d patienc
27
Raksha
Ma Page 24-
peace an
believe in
0
it' 1-15, 202
'We still derstand December
e wo rld has to un E DIS TRI
BUT ION
but th FOR FRE
11
e 1, Issue
» Volum
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New India Samachar 3
News Briefs
EXPANSION OF UMANG
T he UMANG (Unified Mobile Application for
New Age Governance) App can now be
availed by Indian students, tourists
services of Government including EPF, PAN,
DigiLocker, gas booking in 27 states and nearly
1180 services for bill and challan
and overseas Indians. It can now payments. This includes 373 services
be downloaded in US, UK, Canada, from 88 departments, 487 services
Australia, UAE, the Netherlands, from 101 departments. So far, 3.75
Singapore and New Zealand as well. Crore people have downloaded this
Launched in November 2017 with 163 App in India. Facility of this App will
features, the App provides an access be introduced in other countries
to various Government services as well. Their number is constantly
and bill payments. It offers over 860 increasing.
Raise in scholarship for SC students
W ith an increase of Rs 2 Lakh per
annum from Rs 6 Lakh to Rs 8 Lakh in
National Overseas Scholarship Scheme for
Scheduled Castes students, the Government
has shown its resolve towards the growth of
weaker and under privileged sections of the
society. The announcement, effective from
the selection year 2020-21, is for students
securing admission in globally higher ranking
institutions. The minimum qualifying marks
Antiques stolen from a temple in have also been increased from 55 per cent
TN retrieved from London to 60 per cent.
R elentless efforts made by the
Government in preserving country’s
ancient artefacts met with success
Over 50,000 Ayushman Bharat Health
when 13th century bronze idols of Lord
& Wellness Centres functional now
Rama, Lakshmana and Goddess Sita
have been handed over to the Idol Wing, P radhan Mantri Jan Arogya-Ayushman
Bharat Yojana, launched to provide free
treatment to around 50 Crore poor people
Government of Tamil Nadu on November
18, 2020 in New Delhi. The idols stolen in has achieved another milestone. Now, there
1978 from Sri Rajagopal Vishnu Temple are more than 50,000 operational Ayushman
were returned by the London Metropolitan Bharat - Health and Wellness Centres (AB-
Police to the Indian High Commission, HWCs). Around 1.5 Lakh AB-HWCs will be
UK on September 15, 2020. The temple established by December, 2022. The AB-
was built during the Vijayanagara period HWCs are spread across 678 districts, and
at Anandamangalam in Nagapattinam include 27,890 Sub Health Centres, 18,536
district of Tamil Nadu. Primary Health Centres and 3,599 Urban
Primary Health Centres.
4 New India Samachar
Subsidy on transportation Banks reaching out street vendors to help them
under Operation Greens under PM SVANidhi
TOP to TOTAL
P M SVANidhi Scheme meant for
street vendors is yielding good
results providing benefits to them. Till
date, 7,88,438 loans were disbursed
proving to be a boon for street vendors.
Out of 27,33,497 loan applications
received so far, 14,34,436 applications
were approved. Vendors who had left for their native places
T he Ministry of Food
Processing Industries
(MoFPI) has brought out
due to COVID-19 lock down are eligible for the loan on their
return.
various schemes for the “India Climate Change Knowledge Portal” launched
development of farmers.
Operation Greens Scheme T o strengthen Government’s resolve towards environment
protection, Ministry of Environment, Forest and Climate
Change has launched the “India Climate Change Knowledge
TOP to TOTAL is one such
scheme which provides 50 Portal”. It will be a “single point information resource,” which
per cent subsidy on transport provides information on various initiatives taken by various
and storage of notified fruits ministries enabling users to access updated status on these
and vegetables. The subsidy initiatives. Major components included India’s Climate Profile,
would also be available under National Policy Framework, India’s NDC goals, Adaptation
Kisan Rail Scheme. Similarly, Actions, Mitigation Actions, Bilateral and Multilateral Cooperation,
subsidy is now made available International Climate Negotiations, Reports & Publications.
for air transportation for Expressing happiness over the web portal launch, Union Minister
fruits, vegetables from North- of Environment, Forest and Climate Change Prakash Javadekar
Eastern, Himalayan States. said that the country has practically achieved its Pre-2020 Climate
Action targets. You can access the portal at: https://www.cckpindia.nic.in/
Pragati reviews project worth Rs 1.41 Lakh Crore
P ragati, the monthly e-governance
initiative launched by Prime Minister
Narendra Modi to bring Union Ministries and
Highways (MoRTH) and Power Ministry.
These projects were in Odisha, Maharashtra,
Karnataka, Uttar Pradesh, J&K, Gujarat,
relevant State Governments Haryana, Madhya Pradesh,
on the same page, throws Rajasthan and Dadra and Nagar
light on his working style. In its Haveli. The Prime Minister asked
33rd meeting on November the concerned Secretaries of
25, 2020, projects worth Rs the Union Government and
1.41 Lakh Crore spanning 10 Chief Secretaries of the State
States and Union Territories Governments to ensure that they
were reviewed. The projects complete the work before time.
which were taken up were from Ministry of Grievances related to COVID-19 and to the
Railways, Ministry of Road Transport and PM Awas Yojana were also taken up.
New India Samachar 5
War Against Corona
India enters decisive phase
of fight against COVID-19
Coronavirus infection is continuing to affect lives of people worldwide. The year 2020
started with pandemic reaching various countries and parts of the world. This brought
the lives to a standstill worldwide. However, the end of the year has given a hope
for an indigenous vaccine for the Coronavirus infection. Prime Minister Narendra
Modi reviewed the progress of the vaccine in different parts of the country. He visited
vaccine facilities in Ahmedabad, Hyderabad and Pune in November
I
ndia produces 60 per cent of the world's In India, Zydus Biotech Park in Ahmadabad,
vaccines. So, it is obvious that in the fight Bharat Biotech in Hyderabad and Serum
against Coronavirus, India is a big hope for the Institute of India in Pune are developing the
rest of world. Around 212 vaccines are being COVID-19 vaccines. Under the AatmaNirbhar
developed to fight the Coronavirus infection Bharat 3.0 package, Rs 900 Crore were
across the globe. World Health Organization’s earmarked for research and development
(WHO) says, of these 212 candidate vaccines, activities related to COVID-19 vaccine. On
48 are in the clinical evaluation stage and 164 November 28, 2020, the Prime Minister visited
are in the pre-clinical evaluation stage. the Zydus Biotech Park in Ahmedabad, Bharat
Among those in the clinical evaluation stage, Biotech in Hyderabad and Serum Institute of
11 are in phase-3 of clinical trials. There are India (SII) in Pune. After the Prime Minister’s
three other vaccines in phase-2 of clinical trials. visit, Chief Executive Officer of SII Adar
At least 13 are in phase-1/2, and 21 in phase-1. Poonawalla said that he was amazed by the
Six vaccines have been given the Emergency Prime Minister's knowledge about vaccines
Use Authorisation. and vaccine production.
6 New India Samachar
MEETING WITH CMs OF EIGHT STATES OVER VACCINE DISTRIBUTION
lChief Ministers of eight states were asked to
review status, preparedness of COVID-19
response and management. They assured
that the way focus in the fight against
COVID-19 has been on saving every life, the
priority will be to ensure that vaccine reaches
everyone
lThe meeting, held via video conferencing, Force to ensure better results
had chief ministers of Haryana, Delhi, l So far, India has more than 28,000 cold chain
Chhattisgarh, Kerala, Maharashtra, points and is working to increase the number
Rajasthan, Gujarat and West Bengal l To track each vaccine, a digital platform is
lThis was the Prime Minister’s 11th meeting being prepared and tested. This will track
with the Chief Ministers on the issue each and every step of the vaccine from its
lThe Prime Minister noted that priority of exit from the company till it reaches the people
vaccination is being decided in consultation l Priority for vaccination will be given to
with the States healthcare, frontline and all those workers
lRequirements of additional cold chain who are at the risk of infection
storages have also been discussed with the l Procurement of the syringe is also in the last
States stage
lHe asked the Chief Ministers to ensure
regular monitoring of State Level Steering (Scan QR Code to hear the Prime
Committee and State and District Level Task Minister's full address)
Vaccine trial in final stage
Covishield NO LAXITY UNTIL THERE IS A CURE Laboratory
Government
94.28 % 1.45 % 4,09,689 96,08,211
Early results found to be Recovery Rate Death Rate Active cases Total patient 1,187
effective up to 90% Private
PATIENTS CURED SO FAR - 90,58,822
(Data up to 5 December 2020) 1,012
n The Serum Institute of India, along with Oxford
University and AstraZeneca, has created the Vaccination of 31 Crore people in the first phase…
vaccine (Covishield). Serum said an application l According to Principal Scientific Advisor K. Vijayaraghavan, the
for emergency use would be made within two
National Vaccine Committee headed by Dr. VK Paul has prepared
weeks in India.
a blueprint that who will be the first to be vaccinated
Covaxin l In a meeting of the Ministry of Science and The Confederation
Phase-3 trials of Covaxin have of Indian Industry, he informed that 31 Crore people have been
started in about 25 locations. identified to be vaccinated between March and May
n It has been developed by Bharat Biotech of l Vijayaraghavan said, 'The vaccine will be given first to One crore
Hyderabad in association with the National health workers, police force of states and central government,
Institute of Virology and the Indian Council of
armed jawans, home guards, 26 crore members of priority group
Medical Research. The target is to launch the
vaccine by the first quarter of 2021 above 50 years and high risk group below 50 year
The vaccine of Ahmedabad-based Zydus Cadila Healthcare is also in the
Zydus Cadila
second phase. Cadila Healthcare vaccine results will be revealed soon. It
Healthcare is expected that this vaccine will also be available by April 2021.
New India Samachar 7
Good Governance Day
Atal Bihari Vajpayee's Birth Anniversary
Former Prime Minister
Atal Bihari Vajpayee
is remembered for
his people-centric
policies and push
for a transparent
and accountable
administration. To
honour him and to take
forward his legacy,
his birth anniversary
on December 25 is
observed as the
Good Governance
Day every year
EPITOME OF GOOD GOVERNANCE
F
ormer Prime Minister Atal Bihari Vajpayee, against his Government. He lost the Government
the statesman, poet, leader of the masses by one vote but won people’s confidence. The term
and the man loved by the people all across, was also marked by his initiatives for peace with
left a void not to be filled forever on his death in Pakistan and the Lahore declaration was signed.
2018. On his 96th birth anniversary, one can With his Good Governance initiatives, Vajpayeeji
say that the current Government is working on took India to different levels. The Golden
Vajpayeeji's legacies and taking measures to Quadrilateral Project, started by his Government,
realise his dream of Swaraj to Suraj (self rule to is shaping well in the present regime of the
good governance). The three-time Prime Minister Narendra Modi Government. The visionary in him
has the credit of running the first non-Congress realised the potential of connectivity. Projects like
coalition Government in the country successfully for mobile connectivity, roads across the villages of
a full term following ‘Coalition Dharma’. During his the country speaks volumes about the vision of
tenure as PM, the Government achieved significant the tallest statesman of the country. He was also
milestones. Pokhran nuclear tests were conducted responsible for India's mobile phone revolution as
during his second regime and the Government led incoming calls were made free during his tenure.
by Vajpayeeji withstood international sanctions. He It was under his rule that a new telecom policy
never buckled under any pressure whether internal was framed which offered great opportunities for
or external and emerged gracefully in situation private companies to expand. It was under his rule
like former Odisha CM Girdhar Gamang voting that India won the armed conflict with Pakistan that
8 New India Samachartook place between May and July 1999 in Kargil and GOOD GOVERNANCE INITIATIVES TAKEN
elsewhere along the Line of Control (LOC). To make BY THE GOVERNMENT
governance easy, three new states – Jharkhand,
Uttarakhand and Chhattisgarh – were created by the
Vajpayee Government. Inter-Linking of Rivers was
the dream project of former Prime Minister Atal Bihari
Vajpayee. l PRAGATI: Pro-Active Governance
and timely implementation aimed at
Good Governance means ensuring redressal of
addressing common man’s grievances,
everyone's grievances; benefits and opportunities
and simultaneously monitoring and
reaching every citizen; security for every Indian; that
reviewing important programmes and
the Government reaches out to every citizens. For his
projects of the Government as well as
legacy of good and people-centric decisions, he has
projects flagged by State Governments.
been considered as the epitome of Good Governance. l Jeevan Pramaan: Annual life certificate
His aim was for a development-orientated, transparent by senior citizens for pension through
and accountable government, which worked for early electronic means
and easy deliverance of results to the public. He strived l DigiLocker: For paperless governance
for all these throughout his tenure. l UMANG: It provides a single platform to
To honour him and to take his legacy forward, the access pan India e-Gov services ranging
Good Governance Day is celebrated on his birth from Central to Local Government
anniversary every year. Soon after coming to power bodies
in 2014, Prime Minister Narendra Modi announced l Anubhav: It enables submission and
that December 25 will be celebrated as the Good display of commendable work done by
Governance Day. retiring employees
With ‘citizen-first’ being the mantra, motto and l Online RTI portal
guiding principle, India is also aiming for bringing the l Policy of intolerance towards non-
Government closer to the citizens, so that the masses performing officers and encouraging the
can become active participants in the process. The performing officers
Government considers redressal of public grievances l Electronic Human Resource
as a very important component of a responsive Management System (e-HRMS): It is
administration. a cost-effective initiative and helps the
Since 2014, the redressal of public grievances has Government to post the right man at the
received the highest priority across all the Government right post. It enables employees to see
offices. Also, there has been a lot of re-engineering. all their details and apply for different
Ministries and Departments of the Government have kinds of claims on a single platform
been looking into their work spheres and their internal l AADHAAR-enabled biometric-enabled
attendance for Government employees
processes have improved a lot. Use of technology has
l National Digital Literacy Mission
also been promoted so that sitting at the comfort of
l e-Post: A service under which printed
their homes, people can connect with the Government.
or even handwritten messages of
It has bridged the divide between the Government
customers are scanned and transmitted
and citizens. On the first ‘Good Governance Day’
as email. At the destination offices,
celebrations in 2014, the Prime Minister said an these messages are printed, enveloped
important step for Good Governance is simplification and delivered through postmen like
of procedures and processes in the Government so as other letters at the postal addresses
to make the entire system transparent and faster. l e-Sampark: An online messaging
“The push towards self-certification in place of platform with over 90 Lakh registered
affidavits and attestations is another indicator of the users
New India Samachar 9Good Governance Day
Atal Bihari Vajpayee's Birth Anniversary
E-GOVERNANCE FOR GOOD GOOD GOVERNANCE INDEX
GOVERNANCE On the Good Governance Day In 2019, ‘Good
Good Governance is fundamental and Governance Index’ (GGI) was launched. The Index has
E-Governance is instrumental. Good been scientifically designed on various parameters of
Governance dictates the design and governance. It is citizen-centric and would also seek to
determine the status of governance as it exists today.
shape of these tools for improving
It is a uniform tool across states to assess the status
governance outcomes and processes. of governance and impact of various interventions taken
Effective implementation of e-Governance up by the State Governments and the Union Territories.
can take IT to the common man, helping The objectives of GGI are to provide quantifiable data
the Government to align services with the to compare the state of governance in all states and
changing needs of both citizens and other UTs, enable states and UTs to formulate and implement
stakeholders. suitable strategies for improving governance and shift to
OBJECTIVES OF GOOD GOVERNANCE result-oriented approaches and administration.
DAY CELEBRATIONS Various principles have been kept in mind while
To re-engineer Government processes selecting the indicators, i.e. it should be easy to
in order to provide an open and understand and calculate, citizen-centric and result
accountable administration. driven, leading to improved results and applicable to all
states and UTs, among others.
l To make people aware about the
Government’s commitment for providing THE GGI TAKES INTO CONSIDERATION TEN SECTORS
a transparent and accountable l Agriculture and Allied l Economic Governance
administration. Sectors l Social Welfare and
l To enhance the welfare and betterment l Commerce and Development
of the common citizens. Industries l Judicial and Public
l To standardise the Government l Human Resource Security
Development l Environment
functioning as well as make it a highly l Public Health
effective and accountable governance l Public Infrastructure l Citizen-Centric
for the people. and Utilities Governance
l To implement the good and effective These ten governance sectors are measured on a total 50
policies to complete a mission of good indicators. Difference indicators are given different weightage
governance. under one governance sector to calculate the value.
relationship of trust between citizens and the than celebrating his birthday as 'Good Governance
Government. Doing away with cumbersome Day' and pledging to devote ourselves to this
and outdated legislations which no longer have cause. He passed away on August 16, 2018. His
relevance is another focus area,” the Prime Minister memorial on the banks of Yamuna, in the national
said. He also said there is no bigger tribute to Atalji capital is named Sadaiv Atal.
10 New India SamacharMahamana Madan Mohan Malaviya Personality
Remembering the Visionary
Gurudev Rabindranath Tagore rightly called Pandit
Madan Mohan Malaviya as Mahamana for his
various initiatives and works for the society. He
was not only able to get a huge tract of land for a
university from generous Kashi Naresh but also a
huge sum of money from the Nizam of Hyderabad.
Saving revolutionaries of Chauri Chaura incident
from gallows are some of his exceptional works that
truly endorses the prefix Mahamana
BORN: DECEMBER 25, 1861 DIED: NOVEMBER 12, 1946
P
andit Madan Mohan Malaviya, a visionary,
a social reformer, a journalist, an I do not consider anybody as a greater patriot
educationist and a leader, there are many than Malaviyaji; I always worship him. There is no
facets of the great soul of India. The visionary one in sight amongst all living Indians who has
in him anticipated that independence will be rendered more services to India than him
meaningful only when the country is governed by
a generation of progressive and cultured youth. MAHATMA GANDHI
As the nation celebrates 159th birth anniversary
Indian National Congress for as many as four
of Bharat Ratna Pandit Madan Mohan Malaviya,
times and founder of Akhil Bharatiya Hindu
the legacy of his multifaceted persona lives on
Mahasabha, he never compromised with his
to inspire generations.
principles. For Mahatma Gandhi, Mahamana
l The slogan ‘Satyameva Jayate’ (Truth was his conscience-keeper and like ‘his elder
alone triumphs) is the legacy given to the
brother’.
nation by Malaviyaji, by saying that this
slogan from Mundakopanishad should be In 1909, he founded an English newspaper –
the slogan for the nation The Leader. It was published from Allahabad,
lHe started the tradition of Ganga Aarti at now known as Prayagraj. As a lawyer, Malaviyaji
Har Ki Pauri in Haridwar. He was dedicated is remembered for his defence of 170 people
to the cause of Hindi, Ganga and cow who got death sentence for Chauri Chaura
incident in 1922. Around 155 of them were saved
His vision shaped the foundation of Banaras from the gallows while remaining persons’ death
Hindu University (BHU) in 1916. There was sentence was commuted into life imprisonment.
no match to Mahamana’s relentless efforts He was opposed to the separate electorates
to accomplish any target, his steely resolve for Muslims under the Lucknow Pact of 1916.
managed to get a large donation from Nizam Malaviyaji compelled the British government to
of Hyderabad for BHU. It is said that on being sign an agreement with Ganga Mahasabha on
denied donation to set up the university by uninterrupted flow of Ganga in Haridwar and
the Nizam, he is said to have auctioned his protect Ganga for future obstructions. To honour
slippers. Eventually, it was the Nizam who bid the freedom fighter, Malaviyaji was conferred
for them paying a huge sum. As president of Bharat Ratna posthumously in 2015.
New India Samachar 11Energy Security RE-Invest 2020
ON THE CUSP OF
ENERGY REVOLUTION
When the entire world is facing the grave challenge of climate change, the
need of the hour is to focus on renewable energy. Taking up the challenge,
in the last six years, India has increased its installed renewable energy
capacity to two-and-a-half times with more to come
I
ndia is constantly focusing MW till October, 2020,
on renewable energy since the share of renewable
Prime Minister Narendra energy is 89,636 MW. The
Modi took over reins in Government has set the
2014. Inaugurating the third target of 175 GW by 2022
Global Renewable Energy and 450 GW till 2030. (1
country has come a long
Investment Meeting and Expo GW - 1000 MW- 1 Billion
way in terms of energy
(RE-Invest 2020), the Prime watts
revolution. India is the 4th
Minister appreciated India's l States like Gujarat, MP,
largest country in renewable
efforts in the field of renewable UP, Rajasthan, Tamil
power generation capacity
energy and environmental Nadu, and Himachal
and is growing at the fastest
protection. While addressing Pradesh will lead in
speed. The renewable
representatives from over 80 renewable energy sector
energy capacity in India is
countries, the Prime Minister as they are more organised
currently 136 Giga Watts,
expressed happiness over for solar revolution
which is about 36 per of the
the progress from Megawatts l The Government’s
total capacity.
to Gigawatts in generation commitment towards
capacity within a short span other sources like wind,
of time and ‘One Sun, One THE SUNSHINE bio, hydroelectricity
World, One Grid’ becoming a SECTOR reiterates the fact that
reality. l Out of the total power the country will meet the
In the last 6 years, the generation of 3,73,436 target by 2035
12 New India Samacharl Recently, an ultra Mega
solar power project with a FLAGSHIP SCHEME: PM-KUSUM
production capacity of 750
MW on 1500 hectares of
FOR A GREATER SOLAR MAP
land was launched in Rewa,
Madhya Pradesh. This will
help stopping emission of
carbon dioxide which equals
to plantation of 2.60 Crore
trees
l India’s initiative towards
International Solar Alliance
is a major landmark. As per
National Solar Mission, focus
is on manufacturing solar
equipment that will help in
making country self-reliant by
P radhan Mantri - Kisan Urja Suraksha Evam Utthaan
Mahabhiyan (PM-KUSUM) is an important instrument
towards connecting agriculture sector with modern
2030 technology. With the Government’s core objective to
bring prosperity in the lives of farmers, the Scheme aims
to establish a new paradigm of success towards creating
PARIS AGREEMENT a strong solar map across the country in harnessing
INDIA’S SUCCESS renewable energy resources.
The Paris Agreement of India is a predominantly agrarian economy and farmers
2015 is crucial for checking the for long believed in irrigation methods depending upon use
climate change and reducing of conventional energy resources like electricity through
its negative effects. As per the thermal or hydro power. Lack of water for irrigation has
agreement, 179 countries of always been a hindrance for a good yield over the years.
the world are committed to stop With the goal of doubling farmers’ income by 2022, the
the temperature rise at 2 ° C Government launched PM-KUSUM in February 2019,
which was announced in the Union Budget of 2018-2019.
or possibly 1.5 ° C during this
Crop damage is a recurrent problem due to erratic rainfall
century. According to the report
and lack of irrigation facilities. With PM-KUSUM scheme,
of Climate Transparency, India
farmers will be able to get irrigation facility by installing
is the only country among the Solar pumps. They can also produce electricity by setting
G20 nations that has achieved up solar panels in their fields and selling surplus to discoms.
the target set under the Paris Uninterrupted power supply could be ensured in villages,
Agreement. This shows India's which aims to install a total solar capacity of 25,750 MW by
consistent efforts towards 2022. As per the target, three Crore irrigation pumps will
renewable energy along with be run by solar energy instead of electricity generated by
environmental protection. other means by 2022. The Scheme will cost a total of Rs
This reflects upon India’s 1.40 Lakh Crore. Both the Centre and State Governments
persistent efforts to create will contribute Rs 48,000 Crore each. Farmers will have
renewabale energy sources to bear 10 per cent of the total cost of solar pump. About
and its commitment towards Rs 34,422 Crore for KUSUM scheme will be sanctioned
through bank loans.
environment protection.
New India Samachar 13Energy Security RE-Invest 2020
Two types of benefits from the KUSUM Scheme
The Scheme will benefit farmers in two ways. One, they will get free electricity for
irrigation and secondly if they make additional electricity and send it to the grid, then
they will also be able to earn some extra money
Highlights of KUSUM Scheme
30%
Subsidy to be given by the Central
Government
BENEFITS
Prime Minister 30% The
Narendra Modi Subsidy to be given by the State landowner
with Governments will have an
President of
French
Republic 30% income of Rs
60 thousand
Emmanuel Amount to be sanctioned by banks to to 1 lakh
Macron at farmers as loan
per acre
10%
a Solar
Power Plant in per year for
Mirzapur, Uttar Amount to be paid by farmers to install the next 25
Pradesh years
solar energy equipment
BIG POWER SAVINGS
With Solar energy not only electricity will be You can avail the benefits… To apply under
saved but 30,800 MW additional power will be KUSUM Yojana, you can go to the official
generated. The Government will allow farmers to website https://Mnre.Gov.in/ and register.
make solar power by installing solar panels.
THREE COMPONENTS OF THE SCHEME allowed but the Central Financial Assistance
COMPONENT A: Connecting 10,000 MW of will be limited to the pump of 7.5 HP.
decentralised grids to renewable power plants. COMPONENT C: Solarisation of 15 Lakh
Solar or other renewable energy-based power grids connected through Solar powered
plants (REPP) of capacity between 500 kilowatts agricultural pumps. Individual farmers with
(KW) and 2 MW will be set up by individual farmer grid-connected agriculture pumps will be
or group of farmers or cooperatives or Panchayats supported.
or Farmer Producer Organisations (FPO). Power
discoms may allow setting up of Solar or other DIESEL PUMPS TO BE REPLACED IN
renewable energy-based power plants of capacity FIRST PHASE
less than 500 KW in specific cases. The first phase of KUSUM Scheme envisages
COMPONENT B: Installation of 20 Lakh solarisation of only those pumps which are
Solar-powered agricultural pumps. Individual running on diesel. Arrangements will be made to
farmers will be supported to install stand alone run such 17.50 Lakh irrigation pumps with Solar
Solar agriculture pumps of capacity up to 7.5 energy. This will help curb diesel consumption,
horsepower (HP) for replacement of existing crude oil imports and ensure protection of
diesel agriculture pumps in off-grid areas. environment. Farmer having barren land can
Pumps of capacity higher than 7.5 HP may be use them to produce Solar energy.
14 New India SamacharVaranasi-Prayagraj Project
Infrastructure
EMPOWERING FARMERS
Criticising the Opposition and countering those who
spread confusions on the farmers’ welfare, Prime Minister
Narendra Modi said decades of deceit make farmers
apprehensive but now there is no deceit, “work is being
done with intentions as pure as Gangajal”
T he Government is taking revolutionary
measures for farmers and the farm sector. For
decades, farmers were apprehensive about the
promises made by the previous Governments. present Government, the truth will come out
But now, the Government is taking steps and automatically.
ensuring that rights of farmers are protected. l Five years before 2014, pulses of around Rs
They are getting more income and are also free 6.5 Crore were procured from farmers. But in
from the compulsion of selling their products the subsequent 5 years, pulses worth about Rs
to any particular mandi. The Government is 49,000 Crore were procured, that is, about 75
constantly trying to make the situation better times increase.
for them. The Government delivered on the l In 5 years prior to 2014, paddy worth Rs 2 Lakh
promise of stopping the black marketing of urea Crore were purchased. But in the subsequent 5
and giving enough urea to the farmers. It also years, we have crossed Rs 5 Lakh Crore. That
delivered on the promise of fixing MSP at 1.5 equals to almost two and a half times more
times of the as per the recommendation of the money.
Swaminathan Commission. l The Government is spending crores of rupees to
A range of schemes are assisting farmers. modernise mandis. Why would the Government
However, there is a misconception among spend so much if the mandis and the MSP were
them. On November 30, while inaugurating to be dismantled?
the six-lane project of the Varanasi-Prayagraj l Assistance is being provided directly to the bank
section of NH-19 in his Lok Sabha Constituency accounts of more than 10 Crore farmer families
Varanasi, the Prime Minister re-emphasised of the country. So far, about Rs 1 lakh Crore
that he is dedicated for farmers’ welfare. have been reached to the farmers.
IMPORTANT TAKE AWAY FROM PRIME l The Government is also addressing the
MINISTER’S SPEECH: concerns of the families of farmers. The Prime
l New agriculture reforms have given farmers Minister expressed confidence that those
new options, legal protections and at the farmers who have some doubts on agricultural
same time the old system also continues if reforms today, will also take advantage of these
someone chooses to stay with that agricultural reforms in future and can increase
l Earlier, transactions outside the mandi were their income.
illegal but now a small farmer can take legal
(SCAN THE QR CODE TO HEAR THE
action on the transactions outside the mandi PM'S ADDRESS)
The New India Samachar in the October 1–15 issue
also. clarified the veracity and misleading facts related
to the agricultural reform bill. You can read it by
l When you see the track record of the visiting this link
http://davp.nic.in/nis/pdf/NIS%20English%20
October%201-15.pdf
New India Samachar 15Agriculture Empowering Farmers
NEW FARM LAWS PROVIDING BIGGER
MARKET, BETTER PRICES TO FARMERS
Empowerment of farmers has been
the priority of the Government. The
new farm laws passed by Parliament in
September 2020 show the commitment
of the Government towards doubling
income of farmers by 2022
T
ransforming the agriculture sector in the
country and raising farmers’ incomes has
been the priority of Prime Minister Narendra
Modi since he took over reins in New Delhi. In the
past six years, several measures have been taken
to improve condition of farmers. The Government
has the commitment of making income of farmers
double by 2022. To provide multiple marketing
channels and a legal framework for farmers to enter
into pre-arranged contracts among other things,
Parliament passed three new laws in September
-- The Farmers' Produce Trade and Commerce
(Promotion and Facilitation) Act; The Farmers
(Empowerment and Protection) Agreement of
Price Assurance and Farm Services Act; and The
Essential Commodities (Amendment) Act.
MYTHS: PROCUREMENT AT MINIMUM SUPPORT PRICE (MSP) WILL STOP
lIf farm produce is sold outside APMC mandis, these will stop functioning
lWhat will be the future of government electronic trading portal like e-NAM
FACTS: PROCUREMENT AT MINIMUM SUPPORT PRICE WILL CONTINUE,
FARMERS CAN SELL THEIR PRODUCE AT MSP RATES
l Mandis will not stop functioning, trading large retailers, exporters etc, on a level
will continue as before. Farmers will have playing field.
the option to sell their produce at other l Price assurance to farmers even before
places in addition to the mandis sowing of crops. In case of higher market
l The e-NAM trading system will continue price, farmers will be entitled to this price
l This empowers farmers for engaging with over and above the minimum price
processors, wholesalers, aggregators, l It will transfer the risk of market
16 New India Samacharunpredictability from the
farmer to the sponsor
l It will reduce cost of
marketing and improve
income of farmers
l Effective dispute resolution
mechanism has been
provided for with clear
timelines for redressal
l Impetus to research and new
technology in the agriculture
sector
It will promote barrier-free inter-state
MSP INCREASED CONSIDERABLY
and intra-state trade and commerce DURING 2014-2020
outside the physical premises of markets
l On recommendations of the National
notified under State Agricultural Produce Commission of Farmers, headed by M
Marketing Legislation S Swaminathan, the MSP for several
agricultural products was enhanced by 1.5
MYTHS: UNDER CONTRACT FARMING, FARMERS times of the production cost incurred by the
WILL BE UNDER PRESSURE AND THEY WILL NOT farmers
BE ABLE TO DETERMINE PRICES l On paddy, the Government hiked MSP
by 2.4 times in the last five years. Actual
l The new system will be a problem for farmers payments made to farmers on paddy were
l In case of dispute, big companies will be at a whopping Rs 4.95 Lakh Crore as against
an advantage Rs 2.06 Lakh Crore in the previous five-
year period
FACTS: THE FARMER WILL HAVE FULL POWER l On pulses, the increase in the MSP was
IN THE CONTRACT TO FIX A SALE PRICE OF the maximum at 75 times leading to a
HIS CHOICE FOR THE PRODUCE. THEY WILL payment of Rs 49,000 Crore in last five
RECEIVE PAYMENT WITHIN THREE DAYS years as against a meagre Rs 645 Crore
made in 2009-14
l The purchasing consumer will pick up the l On wheat, MSP payment to farmers
produce directly from the farm increased by 1.77 times during the last five
l In case of any dispute, there will be no need years at Rs 2.97 Lakh Crore as against Rs
to go to court repeatedly. There will be local 1.68 Lakh Crore in 2009-14
dispute redressal mechanism l On oil seeds and copra, the MSP witnessed
an increase of ten times in five years. On
l It prohibits the sale, lease or mortgage of
both these products, the actual MSP pay
farmers' land
out was Rs 25,000 Crore as against Rs
l Farmers can withdraw from these contracts at
2,460 Crore given in 2009-14
any time without any penalties if they have not
l The Government agencies have made total
availed an advance amount from the contracting
procurement of foodgrains totalling 382
parties Lakh tonnes during Rabi season of 2020
l The farming contract was limited to specific which is an all-time record in itself
products and confined to particular timeframes
New India Samachar 17PRAKASHOTSAV
Guru Nanak Jayanti 2020
SPECIAL BOND WITH SIKHS
From opening up of the Kartarpur Corridor, stuck for decades, to celebrating
the 550th birth anniversary of Shri Guru Nanak Devji on a grand scale
worldwide, Prime Minister Narendra Modi and his Government have worked
towards re-establishing the pride of the Sikh community. Many institutional
measures have been taken for the welfare of the Sikhs in the last six years
A
fter making consistant efforts for years, the
Government succeeded in opening of Sri
Kartarpur Sahib corridor for devotees in
World over, the influence of Guru November, 2019 on the 550th birth anniversary of
Nanak Dev ji is distinctly visible. Shri Guru Nanak Devji. Sri Kartarpur Sahib corridor
From Vancouver to Wellington, is between Dera Baba Nanak in Punjab's Gurdaspur
from Singapore to South Africa his district and Gurdwara Sri Kartarpur Sahib in
messages are heard all around. It Pakistan's Kartarpur.
is mentioned in Guru Granth Sahib l The Government allocated Rs 120 Crore for it
–“sevak ko seva bun aayee”, that l It ensured that pilgrims cross over into Pakistan
is the work of a sevak, a servant is from the Indian side to visit Gurdwara Sri Kartarpur
to serve. In the past few years at Sahib in Pakistan throughout the year
many important junctures we had the l It has state-of-the-art infrastructure, including
opportunity to serve as a Sevak. I feel a passenger terminal built to take care of over
that I have been specially blessed by 15,000 pilgrims per day
Guru Sahib that he has associated me
very closely with his work.” EMPOWERING SIKH YOUTH
Prime Minister, Narendra Modi l Before 2014, just 18 Lakh students from the Sikh
community had been given scholarships. But the
Narendra Modi Government ensured that 31 lakh
18 New India SamacharSHOWCASING SIKH HERITAGE TO centrally-sponsored rehabilitation scheme.
THE WORLD
l Ministry of Tourism sanctioned development FULFILLING DEMANDS OF SIKHS
of Anandpur Sahib- Fatehgarh Sahib- THROUGH VARIOUS MEASURES
Chamkaur Sahib-Ferozpur-Amritsar- l Citizenship Amendment Act grants
Khatkar Kalan-Kalanour-Patiala Heritage citizenship to Sikh refugees from
circuit under Swadesh Darshan Scheme. Afghanistan and Pakistan who suffered
l Air Connectivity between Amritsar and forceful religious conversions, terrorism,
Nanded via special flight initiated and other mistreatments
l Revocation of Article 370 has given equal
JUSTICE DELIVERED TO 1984 RIOT rights to Sikh minority in Jammu and
VICTIMS Kashmir; domicile certificates being issued
l After more than three decades of the for 1947 West Pakistan Sikh refugees
1984 riots, Sikhs were deprived of justice. as well
The Government has ensured justice for l Sikh Gurdwaras (Amendment) Act
Sikhs. It expanded the ambit of the probe 2016 amended, addressing long-
into 1984 anti-Sikh riots cases by enabling standing demand regarding participation
Special Investigation Team (SIT) to reopen in Shiromani Gurdwara Parbandhak
investigations in all the cases in which Committee elections
trials were completed and accused were l Slashing The ‘Blacklist’: A number of
discharged Sikhs residing in the US, UK, Canada and
l Bringing Culprits to Justice: The SIT other countries used to be on the ‘blacklist’ or
re-opened around 80 cases for further the Central Adverse List. This list has been
investigation. Convictions of big political massively reduced by the Government from
personalities within just 3 years of SIT 314 people to just two. Slashing the blacklist
formation helps them meet their families, get Indian
l Compensation Provided to Victims Pan- visa and OCI card
India: Additional amount of Rs 5 Lakh to l Jallianwala Bagh Memorial: The
the kin of the 1984 riot victims were given. Government brought Jallianwala Bagh
At least 1,020 riot-hit families, who had National Memorial (Amendment) Bill, 2019
migrated to Punjab from different parts to construct the national memorial in the
of India due to the violence, were given centenary year as a salute to the sacrifices
Rs 2 Lakh each as part of of martyrs.
Sikh students were given pre/post matric developed in Sikh concentrated areas
and merit-cum-means scholarships
l Sikh youth form a significant share of 10 l Promoting Research On Teachings Of
Lakh beneficiaries under self-reliance Sri Guru Nanak Devji: National Institute
schemes such as Hunar Haat, Garib of Inter-Faith Studies being set up at Guru
Nawaz Employment Scheme, Seekho Aur Nanak Dev University, Amritsar to promote
Kamao, Nai Manzil, gaining employment brotherhood and diversity. Rs 67 Crore
opportunities sanctioned for the same. Chairs of Sri Guru
l Several social infrastructures built under PM Nanak Devji set up at a university in the UK
Jan Vikas Karyakram for backward areas and Canada.
New India Samachar 19Cover Story
Economy
ECONOMY
on firm recovery path!
Famed India growth story is set to return beginning
next financial year on the back of firm recovery
reported in the second quarter of 2020-21. Data
suggests a V-shaped recovery in the economy
20 New India SamacharT
he worst ever pandemic has
disrupted lives, jobs and
economies globally and India is
no exception to the cascading adverse
impact of COVID-19. What perhaps
stands out is the way Government,
Manufacturing Index on
people and economy have responded in
the last nine months.
A responsive Government, sensitivities
of Indian people and economic resilience
high [%]
were on full display even as society
58.9
56.8
56.3
devastated by the pandemic limped
55.3
54.5
51.8
back to normalcy step by step and firmly
52
47.2
at that. With the Central Government
46
led by Prime Minister Narendra Modi
rolling out an ‘AatmaNirbhar’ package to
30.8
27.4
rescue the economy from onslaught of
the pandemic and achieve self-reliance,
most stakeholders responded beautifully
and worked in unison to bring the mojo
back in famed India growth story.
While this bounce-back was work
in progress, several sectors showed January February March April May June July August September October November
promise and green-shoots in the
l Manufacturing Purchasing Managers' Index
economy were visible. Indian agriculture
sector demonstrated its strength by (PMI) moderated to 56.3 in November against
growing at 3.4 per cent during the April– the decade high level of 58.9 in October. With
September 2020, i.e. last two quarters PMI Services Index also ending the seven-
during the peak of spread in COVID-19. month sequence of contraction to rise to 54.1
Indian businesses have also in October and 53.7 in November, growth of
responded positively to the policy output in the second half of 2020-21 is poised
packages announced by the Prime
to replicate the performance of Q2. Despite
Minister beginning with the COVID-19
economic rescue measures initiated by some moderations in November, Manufacturing
the Government. In fact, this brought sector is buoyant.
manufacturing growth into a positive
zone at 0.6 per cent during July– Positive growth indicators
September 2020 from the 39.3 per cent
Sector FY 2019-20 FY 2020-21
dip reported in the previous quarter.
1st quarter 2nd quarter 1st quarter 2nd quarter
Power, gas and water supply sectors
have also grown by 4.4 per cent in the Agriculture 3 3.5 3.4 3.4
second quarter of this fiscal as against 7 Manufacturing 3 -0.6 -39.3 0.6
per cent contraction reported for earlier Electricity/Gas 8.8 3.9 -7 4.4
three months i.e. in April–June 2020.
Construction 5.2 2.6 -50.3 -8.6
Foreign Direct Investments (FDI) during
April– September 2020 touched $30 Tourism 3.5 4.1 -47 -15.6
Billion, registering 15 per cent growth (Figures in %)
New India Samachar 21Cover Story
Economy
GST collection for the first time crosses
Rs 1 lakh crore in the last 8 months
Collection was over 10 percent in 80 lakh GSTR-3B returns filed in
the same month last year the month of October 2020
`1,04,963
`1,05,155
GST collection from April till now
Crore
Crore
`95,480
`86,449
`87,422
Crore
`90,917 Crore
Crore
Crore
`62,151
Crore
`32,172
For the first time since February, GST
Crore collections both in October and November
crossed Rs 1 Lakh Crore which is a major
indicator of an increase in economic activity.
Business activities have been restored after
April May June July Aug Sept Oct Nov all restrictions have ended
According to the IMF, the economic package of Rs 29
Lakh 87 Thousand Crore given in three phases under
the AatmaNirbhar Bharat Campaign supported the Indian
economy. This package is 15% of India's GDP
over the same period last financial year. Healthy it was at 53.7 which indicates strong recovery.
FDI inflows would give a big fillip to ‘Make in India’ Overall economic performance was better than
for the world campaign call given from ramparts expected given that the contraction was limited to
of Red Fort on August 15 this year. Evolving India 7.5 per cent in July-September 2020 as against
as an industrial hub for the world is yet another 23.9 per cent in the previous quarter. Given that
project that’s underway. the economy was on a firm recovery mode, most
In continuation, it’s rather encouraging to note that independent consultancies have projected that the
coal (11.6%), electricity (10.5%), fertilizers (6.3%) GDP contraction for the entire financial year would
and cement (2.8%) sectors have posted healthy be much lower than earlier estimates.
growth in October 2020 vis-à-vis performance in Care Ratings, Nomura, ICRA, HDFC, IDFC
the same month a year ago. Various indicators like First, QuantEco and Brickwork Ratings were some
bumper harvest of Kharif crops, increase in the of the companies that ventured out to revise their
consumption of electricity, rail freight collections, earlier gloomy picture on the economic front. After
swelling automobiles & two wheeler sales, better the second quarter recovery, these ratings have
toll, GST mop up reaching pre-COVID period are estimated that the economic contraction would
signalling firm economic recovery. be much lower at 7–9 per cent as against earlier
The Manufacturing PMI in October was 58.9 projection of 8.2–11 per cent.
and in November it was 56.3 which indicates Going forward most economists have estimated
decade's strongest recovery. The PMI of services that the economic growth would be over 10 per
sector too raised to 54.1 in October. In November, cent 2021-22 which is very robust, putting India
22 New India Samachare-way bill Increase in Auto sales
generation
tops in October
2020 2019 Annual Growth
40%
16 20%
lTotal production of number of vehicles in all
0% segments (two-wheeler, three wheeler and four
Figures in Lakh Crore Rs
12 wheeler) in October was at 2,830,153. The
-20% number stood at 2,086,479 in the corresponding
month of the last fiscal
8
-40%
lThis year in October passenger vehicles sales
recorded an increase of 14.19% in comparison
4 with October month of the last fiscal
-60%
lTwo wheelers segment recorded an increase of
16.88 % in October, 2020 in comparison with
0 -80%
Jan Feb March April May June July Aug Sept Oct Nov the corresponding month last fiscal
In October 2020, the highest number of The automobile sector, troubled by very low
bills were generated. That is, after tax sales during the lockdown, has recorded a
payment, goods have been transported sharp growth. The festive season in October
from one place to another. has seen a rise in the number of vehicle sales
back on a high growth trajectory. Worse on the 8.1% to 8.6%. Goldman Sachs and Barclays have
economic front due to COVID-19 seems to be over also improved upon their forecasts. According to
while the recovery leading to double digit growth in a report by Oxford Economics, Indian economy is
next few quarters seems to be on cards. recovering faster than expected. The International
Monetary Fund (IMF) in its latest report on the
IMPROVED RATINGS BY MOODY'S, GOLDMAN world economic scenario has described India as
SACHS AND BARCLAYS the fastest growing economy. According to the
During the Corona period, the growth rate of IMF, growth rate of the Indian economy in the year
the economy reached a negative territory of -23.9 2021 will be at around 8.8 per cent, which will be
per cent. Experts predicted that in second quarter, the highest in the world.
the growth rate would be around -12% but proving
them wrong, the economy stood firmly at -7.5%. A STRATEGIC VICTORY
The contribution of cement, steel, agriculture, Prime Minister Narendra Modi's strategy of
manufacturing sectors played a crucial role in it. As taking challenges head on resulted in India
per Monthly Economic Review of November 2020 becoming a country to tackle Corona satisfactorily
of Department of Economic Affairs, Economy is now in comparison to other countries. It is evident
on a V-shaped recovery track.The Government’s from the fact that the Prime Minister announced
resolve resulted in the positive ratings by global a package of Rs 1.70 Lakh Crore under Pradhan
economic agencies. Moody's has raised India's Mantri Garib Kalyan Yojana only after a day of the
economic growth forecast for the year 2021 from first lockdown on March 25, 2020.
New India Samachar 23You can also read
